Sensex, Nifty, Stock Price Live Updates 6 February: Benchmark indices Sensex and Nifty came off their early lows in the afternoon session on Friday. The RBI in its Monetary Policy meeting held the repo rate steady at 5.25%. At 1:27 pm, Sensex was at 83,207.24, down 106.69 pts or 0.13% lower. Nifty was at 25,570.00, […]
Jeet Adani, Director, Adani Defence & Aerospace Adani Group’s tie-up with Brazilian aerospace major Embraer is a step towards positioning the industrial conglomerate as a one-stop shop for the aviation sector, Jeet Adani, Director, Adani Defence & Aerospace, told businessline. In an exclusive interaction, Jeet Adani said the memorandum of understanding with Embraer is aimed […]
Adani Electricity Mumbai Ltd has been assigned a AAA credit rating by India Ratings, placing the private power distributor on par with India’s sovereign credit profile and marking a notable turnaround for a utility that was acquired from a financially distressed seller just eight years ago. The rating agency cited strong regulatory support, improving financial […]
Adani Group and Brazil’s Embraer SA are partnering for a regional transport aircraft venture in India, marking the foray of the conglomerate that’s already the largest airport operator in the country. The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad. (REUTERS) The partnership covers […]
Investors lost over ₹16 lakh crore in market value this week as India’s main stock market indices, the Nifty 50 and the BSE Sensex, closed lower due to heavy selling and the rupee slipping to a record low against the US dollar. On Friday, the rupee touched 92 per dollar before recovering slightly to finish […]
Adani Group plans to invest ₹1.5 lakh crore in Kutch over the next five years, as the ports-to-mining conglomerate looks to double down on investments in its home state of Gujarat. Karan Adani, managing director and chief executive of Adani Ports and Special Economic Zone Ltd. (Bloomberg) “We will complete our Khavda project and commission […]
Adani Logistics Ltd, the logistics and warehousing arm of the Adani Group, has leased 66,250 sq ft of warehousing space to DMart (Avenue Supermarts Limited) at Dharna Camp in Raigad district, near Mumbai, for a total rent exceeding ₹100 crore for nearly 28 years, according to property registration documents accessed by CRE Matrix. Adani Logistics […]
The Ahmedabad-based Adani Group has a five-year, $11-billion expansion plan for its airports business but no plans to start an airline in the world’s fastest growing aviation market. Jeet Adani, director at Adani Airports Holdings Ltd. and son of billionaire Gautam Adani, at the newly built Navi Mumbai International Airport. (Reuters) What’s the plan: The […]
The Adani Group plans to invest $15 billion to boost passenger capacity at its airports to 200 million annually in the next five years, helping power India’s aviation boom as it prepares to list its airport unit. The Adani Group HQ in Ahmedabad. The Adani Airports expansion plan excludes 20 million at Navi Mumbai and […]
Creditors of Jaiprakash Associates Ltd., commonly known as Jaypee Group, have unanimously backed Adani Enterprises Ltd.’s ₹13,500-crore takeover proposal under the insolvency process, preferring it over a higher bid by Vedanta Ltd. Adani Group Chairman Gautam Adani. Vedanta’s bid for Jaypee Group (Jaiprakash Associates) entailed a five-year payment timeline, significantly longer than the 1.5-2 years […]